US stocks open higher as earnings season kicks off

Stocks opened higher Wednesday, one day after aluminum producer Alcoa kicked off the quarterly earnings season with a report that met expectations.

Five minutes into trade, the Dow Jones Industrial Average was up 33.55 points (0.25 percent) at 13,362.40.

The broad-based S&P 500 rose 4.26 (0.29 percent) to 1,461.41, while the tech-heavy Nasdaq Composite gained 7.62 (0.25 percent) at 3,099.43.

Alcoa, considered an economic bellwether because of its role in industrial production, posted an in-line profit of $0.06 per share after trade closed Tuesday.

Briefing analyst Patrick O'Hare said the market may take a "wait-and-see" approach Wednesday as it awaits a Thursday meeting of the European Central Bank and public comments from Federal Reserve officials.

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    Currencies
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    USDSGD=X
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    EURSGD=X
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    5.6428-0.0163-0.29%
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    SGDCNY=X
    1.0578-0.0018-0.17%
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    GCJ15.CMX
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    SIK15.CMX
    67.73-0.66-0.97%
    ^XAU
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    CLK15.NYM
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    5GB.SI
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    E13.SI
    0.2850.0000.00%
    5WA.SI
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    Y92.SI
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    M11.SI
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    5MM.SI
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    NC9.SI
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    B69.SI
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